This new agreement will enable the Pan-African bank, through its subsidiaries, to accelerate SME financing and enhance the development of African economies.
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The bouquet of financing will enable CRDB to significantly impact the socio-economic growth of East Africa.
AFAWA is committed to providing women with access to finance, technical assistance for financial institutions and fostering an enabling environment.
The 2X Challenge accreditation is awarded to organizations that aim to advance opportunities for women to steer economic growth.
The partnership will support lending to entrepreneurs across all sectors while also particularly increasing green financing.
The program is an initiative of the Youth Entrepreneurship and Innovation Multi-Donor Trust Fund.
This portfolio guarantee is backed by the AFAWA Guarantee for Growth program, which aims to unlock up to $3 billion in loans for women entrepreneurs in Africa.
AGF has issued a portfolio guarantee line amounting to CFAF 1.6 billion to Ecobank Benin to support SMEs, women’s entrepreneurship and the green economy.